New York - Kraft Foods, the world's second-largest producer of grocery products, said Monday earnings rose in the second quarter after it increased price to accommodate higher costs for ingredients and energy.
Net profit rose 4 per cent to 732 million dollars, or 48 cents per share, from from 707 million dollars, or 44 cents, in the year- earlier period, the Northfield, Illinois-based firm said. Revenues rose 21 per cent to 11.2 billion dollars.